๐จ BITCOIN MINING IS DEAD FOR RETAIL PLAYERS ๐จ
The $BTC network hashrate is rolling over while price remains suppressed. This signals major miner capitulationโa steady bleed, not a crash. Margins are destroyed when costs like tax, cooling, and depreciation hit.
โ ๏ธ Why this matters: A declining hashrate often marks late-stage corrections or consolidation. It lessens immediate miner selling but highlights network economic vulnerability.
๐ Institutional miners now dominate with optimized fleets and cheap power deals. Retail mining is effectively over. Expect range-bound action and cautious accumulation until $BTC price significantly recovers to cover mining costs. No existential threat, but sentiment is cooling fast.
#Bitcoin #Hashrate #MinerCapitulation #CryptoAnalysis ๐
